Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:' B" ?+ R) N; Y3 R
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* 6% of Canadian households bought a home in 20092 }- _. H2 Y( R: \, F& H
* 43% were first-time buyers (up from 36% in 2008) 4 C& S+ B ?8 o( d4 G A$ u * 35% of buyers were age 18-343 H: B3 A |9 E2 L9 t( W3 z& H
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home I- W3 Y4 \5 d$ V7 ?
* 59% bought a larger home; 24% downsized0 f" u: z( g* a) m5 }# i
* 74% bought an existing home; 22% bought new construction % F0 ~: J/ x8 [* b, P" Z5 r N * 55% purchased a single-detached home; 18% bought an apartment condo 0 L+ }. }: p% D \" m6 H * 5% of households intend to buy in 2010; 53% of those are renters % y" P- q9 ^6 a- ? * 42% of those intending to purchase plan to make a down payment of 20% or more.4 C' J( A% O4 a! O+ G5 d
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The report surveyed 5-10 metropolitan areas across the country.